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Sort of. There are many many people hyping Bitcoin (and various bitcoin-adjacent projects: mining rigs, wallets, dodgy unregulated exchanges, etc.), and most of
by ForHackernews 6y ago
Sort of. There are many many people hyping Bitcoin (and various bitcoin-adjacent projects: mining rigs, wallets, dodgy unregulated exchanges, etc.), and most of them have a vested financial interest in it.
BTC didn't get to the price it is today on the backs of a few cypherpunks experimenting with decentralized digital currency technology.
- CarelessExpert 6y ago> Sort of. There are many many people hyping Bitcoin (and various bitcoin-adjacent projects: mining rigs, wallets, dodgy unregulated exchanges, etc.), and most of them have a vested financial interest in it. You've basically described commerce. Pick a random asset class--stocks, real estate, commodities, etc--and ask yourself: are there people who are hyping that asset who have a vested financial interest in it? The answer is almost certainly "yes" in every case.
- ForHackernews 6y agoIn the less-scammy world of regulated finance, there are rules about disclosure and the SEC will come after you for running a pump-and-dump scheme.